Nokia (NOK) Return on Capital Employed [ROCE] (2009 - 2022)
Nokia's Return on Capital Employed [ROCE] came in at 7.59% for the year ended Dec 31, 2025, up 0.58 percentage points from 7.01% a year earlier.
Nokia (NOK) Return on Capital Employed [ROCE] (2009 - 2022) Analysis & Trends
Going back to the year ended Dec 31, 2009, Nokia's Return on Capital Employed [ROCE] data covers 17 years.
- Return on Capital Employed [ROCE] carries a five-year change of +4.13 percentage points (years ended Dec 2020 to Dec 2025).
- The figure for the year ended Dec 31, 2025 represents the highest annual Return on Capital Employed [ROCE] since the year ended Dec 31, 2021.
- Per Business Quant, earlier years put Return on Capital Employed [ROCE] at 7.01% in the year ended Dec 31, 2024 (+1.22 pp), 5.79% in the year ended Dec 31, 2023 (-1.58 pp), 7.37% in the year ended Dec 31, 2022 (-1.13 pp) and 8.50% in the year ended Dec 31, 2021 (+5.03 pp).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 218.60 Bn | 162.40 Bn | - | - |
| 2 | Citigroup | 215.60 Bn | -2,084.27 Bn | 24.75 Bn | - |
| 3 | Bank Of Nova Scotia | 112.75 Bn | -322.46 Bn | - | 39.28% |
| 4 | Nokia | 60.87 Bn | 60.87 Bn | 2.58 Bn | - |
| 5 | Haleon | 39.39 Bn | 32.59 Bn | - | - |
| 6 | Gold Fields | 31.89 Bn | 28.69 Bn | - | - |
| 7 | Sprott Physical Gold Trust | 14.84 Bn | 14.71 Bn | - | - |
| 8 | Sprott Physical Silver Trust | 12.02 Bn | 11.70 Bn | - | - |
| 9 | Magnum Ice Cream | 10.70 Bn | 9.38 Bn | - | - |
| 10 | Sprott Physical Gold & Silver Trust | 7.92 Bn | 7.85 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2022 | 9.19% |
| Dec 31, 2021 | 7.93% |
| Mar 31, 2021 | 5.97% |
| Dec 31, 2020 | 4.66% |
| Sep 30, 2020 | 6.86% |
| Jun 30, 2020 | 6.81% |
| Mar 31, 2020 | 8.03% |
| Dec 31, 2019 | 9.61% |
| Sep 30, 2019 | 9.76% |
| Jun 30, 2019 | 9.51% |
| Mar 31, 2019 | 9.47% |
| Dec 31, 2018 | 9.20% |
| Sep 30, 2018 | 8.57% |
| Jun 30, 2018 | 8.59% |
| Mar 31, 2018 | 9.00% |
| Dec 31, 2017 | 8.94% |
| Sep 30, 2017 | 8.28% |
| Jun 30, 2017 | 7.88% |
| Mar 31, 2017 | 8.30% |
| Dec 31, 2016 | 3.81% |
Nokia Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=NOK&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "NOK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=NOK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();